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20131202
20131210
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CNBC 6
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Search Results 0 to 5 of about 6
CNBC
Dec 5, 2013 7:00pm EST
it was all about. south africa had the economy, has the economy that is the greatest economic engine on the african continent and nelson n mandela did not dismantle that economy, he did not force the kind of redistribution of wealth at a pace in which his supporters wanted it to happen, he said now it's time for us to build, not to function as a revolution anymore. >> thanks, john harwood. we appreciate it. now, we are joined on the phone by robert johnson, who is a cnbc contributor, founder of the rlj and former chairman of b.e.t., old friend of mine. robert, you met nelson mandela many times, okay. how many times did you meet him, what are your thoughts tonight as he passes away? >> yeah, i had the great and humbling pleasure of meeting president mandela on a number of occasions, first with the former commerce secretary, late ron brown, and then i also accompanied president clinton on his historic trip to sub-saharan africa and of course when president mandela came to the united states seeking to raise funds to continue to fight apartheid and support his charities. the one thing,
CNBC
Dec 6, 2013 7:00pm EST
, but no one predicted the markets would react this week. there was worries that an improving economy would lead the fed to taper early, burr the stock market rallies big and the bond market barely moves. cyclical sectors were strong and even the interest rate sensitive groups had a good day. we closed at the highs. but what about the taper fears? remember bond yields had moved up from 2.5% at the end of october to about 2.9% today. most traders haven't changed their position, that tapering is unlikely to start before january at the earliest and it will be gentle when it starts. finally, janet yellen will believe to enforce that tapering is not tapering, like changing the unemployment threshold they have been talking about. larry, back to you. >>> all right, many thanks to bob pisani. now, it looks like more and more like obama care is failing so badly that a bailout is already in the works for the nation's biggest health insurance companies. and that's because of what many are calling the perfect storm. not enough young people enrolling, too many older and sicker people signing up, also th
CNBC
Dec 4, 2013 7:00pm EST
, and the result is an economy that's become profoundly unequal. >> mr. obama in professor mode had stats. america's top 10% now earn half of all u.s. income, up he said from 1/3. ceos he said used to make 20 to 30 times what workers do, now he said make 273 times more and the top 1% of americans who have net worts now 288 times what a typical u.s. family has. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic bargain, that if you work hard, you have a chance to get ahead. >> reporter: he wants at least a higher minimum wage and an extension of emergency unemployment benefits. the president said when budget talks get going obama care will not be on the table because, he said, his plan is ending one of america's worst inequities, unequal access to health care. larry. >> thanks very much, steve handelsman. we appreciate it. i'm going to say it again with all due respect to mr. president, growing income inequality is not the greatest challenge of our time. we need strong economic growth. that's the biggest challenge. i need a ri
CNBC
Dec 9, 2013 7:00pm EST
for it with those fees much more incremental. that helps reduce fiscal drag on the economy. my information is about the same as yours but with one important difference. the sequester doesn't end in 2015. the sequester is slated to keep going through, i think, 2021. >> yes. >> while this would definitely change the sequester for a couple of years, it does at least in terms of current law come back. >> once you break it, you own it. i was in the grand rudman days. once you break it, you own it. it's interesting, dave, i accept the fact that the defense hawks didn't want the sequester, some budget movement has to occur. whether these user fees go through or not remains to be seen. but it's interesting because my friend jared bernstein and all his colleagues at the congressional budget office told us how bad it would be if we actually used the sequester and had budget caps, how it would damage the economy, how it would kill 700,000 jobs. and what's interesting, it didn't kill 700,000 jobs. actually jobs are rising. actually i venture to say in true milton friedman free market art laffer economies, i th
CNBC
Dec 2, 2013 7:00pm EST
. they've got a good monetary policy, lower corporate tax rates than we have. their economy is growing better. but when it comes to health care, they come across the border. >> well, the wealthy and those that can afford to come across the border do. but those that can't get access to health care in america are stuck in emergency rooms with high temperatures waiting to get their children taken care of. i concede this is a mess. we may have tried too much too fast and on a partisan basis. i've said we should hit the reset button and open ourselves up to new ideas. and larry kudlow always has new ideas, even if they're conservative. >> i appreciate that and appreciate your honesty. republicans are licking their chops about the elections coming up in 2014, roughly a year from now. we're going to talk more about that later in the show. what i want to ask you is, what can you do for a simple, transparent, compassionate response to the breakdown of obama care? i have an answer. but i want you to go first. >> well, with any health reform proposal, we have to look first at the root cause of th
CNBC
Dec 3, 2013 7:00pm EST
on one sixth of our economy, whatever comes up we're just going fix it. >> reporter: meanwhile on capitol hill republicans kept pound being away with their criticism saying that obama care ultimately is more than just this website. >> the president's health care law continues to wreak havoc on american families, small businesses and our economy. it's not just broken website. this bill is fundamentally flawed. causing people to lose the doctor of their choice, causing them to lose their health plan and if that want isn't enough having to pay much higher prices at the same time. >> reporter: also today, larry, inspector general that oversees the irs says the irs may have some proble some problems implementing the health care in refunds. the treasury said they are aware of the problems and been on top of them. they say they will have it under control and be able to prevent massive fraud inside the irs piece of the affordable care act roll out, larry. >> what's going to happen with this back end business called, what is it 836 i think it's called, section 836. 834. it connects the websites to
Search Results 0 to 5 of about 6